What was the era of the mixed economy?
60 years of growth and progress. The Mixed economy in America began with Roosevelt and the New Deal. Under the free-market Republican presidency of Herbert Hoover, the economy shrank each year. Under Roosevelt, it grew five out of seven years: Changes in GNP, by President Year %Change in GNP President ——————————— 1930……..- 9.4%……..Hoover 1931……..- 8.5………Hoover 1932……..-13.4………Hoover 1933……..- 2.1………Hoover/Roosevelt 1934……..+ 7.7………Roosevelt 1935……..+ 8.1………Roosevelt 1936……..+14.1………Roosevelt 1937……..+ 5.0………Roosevelt 1938……..- 4.5………Roosevelt 1939……..+ 7.9………Roosevelt During World War II, with its massive taxing and spending the US economy doubled. The top income tax rate was between between 88% and 91% percent until 1963, when Kennedy “lowered” it to 70% (still very high by today’s standards). Before World War II, the U.S. suffered eight depressions; in the nearly si
